Amazon is backing Ecobee, a smart thermostat company, just days after buying Ring

Amazon is backing Ecobee, a smart thermostat company, just days after buying Ring

6 years ago
Anonymous $gIi3-PxxKB

https://www.cnbc.com/2018/03/06/amazon-alexa-fund-and-energy-impact-partners-invested-in-ecobee.html

Smart thermostat maker Ecobee raised around $62 million (C$80 million) in a series C round of funding from investors including the Amazon Alexa Fund, the company told CNBC.

The deal comes just one week after Amazon acquired video doorbellmaker Ring in a deal reportedly valued at $1 billion. Amazon consequently made plans to stop selling competing products made by Google-owned Nest.